Predictive analytics
Amazing impact

At DAMVAD Analytics we know how to optimize the value of data, in order to solve our clients’ most challenging problems. See the challenges we’ve faced, and the impact we’ve supplied below.

Impact

Our solutions have generated a large impact across multiple sectors.
See a few examples below or get in touch for more examples of our work.

The Energy Commission

Aalto University, NTNU & DTU

Dataanalytics for building a better future that meets customers' needs

Challenge

Skanska builds for a better society through their many projects executed each year. The goal is for every project to be profitable while being executed in line with Skanska's ambition to be a preferred partner and industry leader. The difficulty is to know which investment decisions will be smart and profitable. And where to meet the clients’ future needs. The society is changing and large long-term investment decisions should be thoroughly carried out. It is crucial to understand what will happen with communities, industries, companies and the public sector.

Impact

Based on advanced application of vast data from many sources and advanced modelling, DAMVAD Analytics provides Skanska with better understanding about future trends and developments on macro and micro levels.

Elo Alsing, Market Manager, Skanska:; "We are very satisfied with the collaboration, which not only has been very pleasant but also gives us crucial insights that we can apply to meet our clients future needs. The innovative combination of data empowers us with the ability to look ahead which makes it easier to be profitable."

Maintaining the Danish stronghold in energy technology development

Challenge

Denmark’s position as an energy-technology front-runner provides a strong basis for meeting goals of a green transition, while simultaneously benefiting Danish growth, employment and exports. In order to maintain this position, the Danish Energy Commission was tasked with drawing up a comprehensive energy and climate policy plan for the period 2020-2030. An important component to this plan is R&D in energy technology. It is therefore central to understand how Denmark compares internationally, while also learning from innovation processes in other countries.

Impact

Using a variety of data sources on key performance indicators and in-depth interviews with leading authorities in energy sectors in Finland, Sweden, Germany, USA, and South Korea, DAMVAD Analytics was able to provide the Danish Energy Commission with indicators on Denmark’s positions of strength, as well as areas of improvement. The analysis found significant strengths in terms of the Danish value chain for developing energy technology, while it revealed that a higher degree of coordination among public entities could strengthen the strategic focus of energy-tech development.

Improving conditions for more competitive aviation

Challenge

Billund Airport is the second largest international airport in Denmark servicing mainly West Denmark.

Billund Airport has grown rapidly in recent years despite the absence of railways and highways to the airport. To ensure continued growth it is important to improve access to the airport. This requires publicly financed investments in new infrastructure. Billund Airport wants to be able to have a fact-based dialogue with all stakeholders about how to prioritize these infrastructure projects. The benefit is not only to the airport itself but more importantly to the citizens and companies in West Denmark through shorter and easier travel time to and from the airport – and as a result better access to international destinations. However, the infrastructure analyses traditionally used by the Ministry of Transport does not fully capture the large dynamic effects of better access to an international airport.

Impact

DAMVAD Analytics has analyzed how citizens and companies in West Denmark benefits from having access to Billund Airport.

International connections give better access to foreign companies and universities and makes it more attractive for companies (both foreign and domestic) to invest in and trade with West Denmark. This increases productivity in West Denmark and thereby GDP. We have shown that the current GDP-impact of the airport is around 10 bn. DKK annually. Using econometric analysis on Billund Airport’s passenger data we show, that establishing a rail connection will improve the GDP-impact by 0.7 bn. DKK annually. Upgrading the roads to and from the airport will have similar positive effects. The documentation being brought forward by DAMVAD Analytics has been applied in the Transports Committee in the Danish parliament in the process of preparing a new national aviation strategy.

Getting a better knowledge base for stakeholder dialogue

Challenge

The resources for research funding are scarce. There is a need for governments and research institutions to maximize benefit for society.

The technical universities in the Nordic countries have a recurring collective wish to promote best practice. Therefore, DAMVAD Analytics conducted a micro data assessment of the impacts on economic growth of Aalto University in Finland, NTNU in Norway and The Danish Technical University. We applied leading algorithms and econometric methods to show impact over time. This was possible given our authorization to access microdata on company performance at the national statistical offices.

Impact

The project gives a profound basis for highlighting the importance of technical research and innovation priorities.

It provides the universities with a much better position for stakeholder dialogue. For the Aalto University in Finland the project has been crucial in advancing the national innovation agenda on addressing growth challenges. Launching the findings rector Tuula Teeri states:

“We therefore need a bold national vision and action plan for research and innovation, that carries over different government terms.”

Furthermore, the project empowers the universities to further develop their collaboration with companies which is of increasing importance. Findings such as the fact that “the NTNU also has a powerful regional presence” being highlighted byt the NTNU Pro-Rector for Innovation Toril Nagelhus Hernes gives the universities better insight into which companies they work with.

International labor brings large values to Swedish companies

Challenge

The Confederation of Swedish Enterprise (Svenskt Näringsliv) commissioned DAMVAD Analytics to conduct a study on the value created in Swedish companies as a consequence of recruiting labor from countries outside EU/EES.

The effects were estimated through an econometric model, where the economic performance of companies recruiting labor immigrants was compared to a control group.

We found that recruitments of non-EU/EES employees improve companies’ economic performance. Improved performance is consistent within companies in a wide range of sectors and not only in e.g. high-tech sectors.

Impact

The study resulted in a written report. The results were also communicated to policy makers and regulators at presentations and seminars. The report also lay the ground for an article in the Swedish journal "Ekonomisk Debatt".

The project allowed The Confederation of Swedish Enterprise to communicate the socio-economic values created by labor immigrants to relevant stake holder. They were also able to promote the importance of designing laws and regulations in a way that simplifies the process of recruitment of international labor.

Datadriven targeting of education at the labour market needs

Challenge

The University of Southern Denmark wanted to make sure that courses and training activities for professionals were targeted the needs of the labour market. However, it is a big challenge to have a thorough and in-depth understanding of the changing needs for skills and qualifications amongst the 300.000 active companies in Denmark. Many resources could be spent on dialogues with companies without consciousness about their training needs. To get a much more detailed understanding of the specific needs in organizations DAMVAD Analytics assisted by a truly data driven approach. Based on an extensive collection of job postings on the internet, linked to the company registry, we applied an advanced algorithm to identify companies with the need for skills that were addressed through the courses of the university.

Impact

DAMVAD Analytics delivered a market analysis and a comprehensive mapping of companies, NGO’s and government organizations with the specific needs for competencies that SDU addresses with the training courses. The mapping can be is applied in a market segmentation and concept development process in order to improve business development and go to market strategies. The deliverable enables to engage with and tailor courses to clients with a deeper understanding of their needs.

Ensuring investments in the Danish oil and gas sector in a low oil price environment

Challenge

Following the sharp decline in oil prices in 2014, oil and gas companies no longer have the same incentives to invest in the necessary infrastructure to ensure the future extraction of oil and gas in the Danish part of the North Sea. Organized by Oil Gas Denmark, the oil and gas companies in the North Sea asked DAMVAD Analytics to analyze the consequences for the Danish economy of a range of policy measures aimed at incentivizing investments in developing future oil and gas activities in the North Sea.

Impact

Applying the same methods and models used by the Danish Ministry of Finance, we analyzed a range of tax policy scenarios. The final report documented that improving incentives for investments in oil and gas development in the North Sea would result in an annual long-term increase in gross national income of DKK 10-11bn, compared to the status quo of the current taxation, as well as increased tax revenue of DKK 3-4bn. In March 2017, the industry concluded negotiations with the government which resulted in a new tax regime for oil and gas activities in the North Sea.

Joint scientific projects increase productivity

Challenge

The Knowledge Foundation (KK-stiftelsen) gave us the assignment to conduct an impact assessment of one of the foundation’s research funding programs. The impact assessment consisted of two main elements:

Impacts on the business sector: This includes capacity building in participating companies, as well as increased productivity in the same companies.

Impacts on institutions of higher education (HEIs): This includes impacts on research capacity and quality of research.

Impact

The results indicate that over a 6-year period, aggregate growth increased by 60 % more among participating companies compared to a control group.

We also found a significant impact on the scientific environments that the projects were part of. Thus, the scientific environments contribute to increased research productivity at the respective HEI.

The study was used by the Knowledge Foundation to communicate the value of scientific co-production between HEIs and the private sector.

Improving conditions for growth in the medical devices industry

Challenge

While Medicoindustrien had reported key figures for several years for the Danish medical devices sector, there had never been an attempt to identify and quantify the whole value chain ranging from subcontractors to consumers. Other life science industries had more political focus. The industry needed better grounds for stakeholder dialogue through a common picture of the sector’s contribution to society. Through sales and exports of medical devices we were able to identify the relevant companies and by applying input-output models we mapped the economic contribution through the whole value chain.

Impact

DAMVAD Analytics provided Medicoindustrien with important key figures such as employment, GDP, revenues, salary levels, taxes, exports, innovation, investments and education levels in the sector. With these figures Medicoindustrien is equipped with a powerful tool in their dialogue with key stakeholders. If we imagine a Denmark without a medical devices sector, the Danish society would be 29 billion DKK poorer. The Danish medical devices sector reached new heights with a total revenue of 56 billion DKK. These results have been presented for the Danish policy committee for the life science industry.

Skanska

Dataanalytics for building a better future that meets customers' needs

The Energy Commission

Maintaining the Danish stronghold in energy technology development

Billund Airport

Improving conditions for more competitive aviation

Aalto University, NTNU & DTU

Getting a better knowledge base for stakeholder dialogue

The Confederation of Swedish Enterprise

International labor brings large values to Swedish companies

University of Southern Denmark

Datadriven targeting of education at the labour market needs

OilGasDenmark

Ensuring investments in the Danish oil and gas sector in a low oil price environment

The Knowledge Foundation

Joint scientific projects increase productivity

Medicoindustrien

Improving conditions for growth in the medical devices industry

Selected clients

We work with clients nationally and globally. Our clients come to us for our exceptional understanding of data, and our ability to pair vast amounts of data with human analysis. Our deliveries range from reports to fully implemented data-services.